Finance & Business

Uncovering the Paxum Bank Behind Trump Media’s $8m Russian-Tied Loan

Federal prosecutors in New York have been investigating whether Donald Trump’s media company violated money laundering statutes by receiving $8 million suspected to have ties to Russia. The inquiry has delayed the potential merger of Trump Media’s Truth Social platform with a blank check company, Digital World (DWAC). This merger would have provided the company with up to $1.3 billion in capital and a stock market listing.

The first $2 million payment to Trump Media arrived in December 2021 from Paxum Bank in the Caribbean. The wire transfer identified Paxum Bank as the beneficial owner, but the promissory note identified an entity called ES Family Trust as the lender. Two months later, ES Family Trust received an unexpected second $6 million payment.

Angel Pacheco, the trustee of ES Family Trust, was simultaneously a director of Paxum Bank. The possible Russian connection being examined by prosecutors centers on Anton Postolnikov, a relation of Putin ally Aleksandr Smirnov. Smirnov held various roles in the Russian government, including Russia’s first deputy minister of justice until 2014.

The opaque nature of the two loans caused alarm in Trump Media. In the spring of 2022, Trump Media’s then-chief financial officer Phillip Juhan weighed returning the money, but it was never returned. The two payments ostensibly came from two separate entities, Paxum Bank and ES Family Trust. The money was wired through Paxum Bank, which has a history of providing banking services for the pornography and sex worker industries.

Trump Media’s since-ousted co-founder turned whistleblower Will Wilkerson alerted the US attorney’s office for the southern district of New York to the payments on 23 October 2022. It is unclear whether Trump, who was the chairman of Trump Media at the time, was aware of the opaque nature of the two loans.

The extent of the exposure for Trump Media and its officers for money laundering remains unclear. Prosecutors need to show that the defendants knew the money was the proceeds of some form of unlawful activity and the transaction was designed to conceal its source. However, the optics of borrowing money from potentially unsavory sources could cloud Trump’s image as he seeks to recapture the White House in 2024.

Sources: The Guardian, Forbes

Cam Sites

Amateur.tv Launches American Party 2026

Amateur.tv is celebrating Independence Day with American Party 2026, a themed cam event running from July 2 to July 6.

The event invites models to bring a bold stars-and-stripes party atmosphere to their shows, with patriotic room decoration, high-energy performances and playful American-themed styling. From fireworks-inspired setups to Statue of Liberty confidence, the goal is to create a show that feels festive, fun and full of personality.

American Party 2026 is built around missions and levels. Each completed mission helps models climb higher in the event, unlocking new rewards along the way. The more levels they complete, the bigger the prizes become, with rewards ranging from interactive toys to Happy Hour-style perks.

At the top of the event, Amateur.tv will reward the Top 5 performers with $200 and exclusive avatar decorations. These limited decorations are unique to the event and will not return, giving the winners a special collectible status on the platform.

With its mix of themed shows, missions, level rewards and exclusive prizes, American Party 2026 gives Amateur.tv models a festive way to celebrate, entertain fans and earn extra rewards during the July holiday weekend.

Finance & Business

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Finance & Business

BCAMS Magazine, the 34th issue

The independent livecam industry resource for news and tips & tricks for cam models and camsites.

The season of reset is here. September always feels like a deep breath—new routines, clearer goals, and a burst of creative momentum. In camming, that energy is everything: the drive to refine your craft, level up your tech, and deepen the bond with your audience.

This month at BCAMS Magazine, we’re spotlighting creators who turn consistency into magic—models and studios who show up, experiment, and keep raising the bar. Expect candid insights on fan retention, smarter promo habits, and sustainable schedules that protect your energy while growing your earnings.

We’re also thrilled to introduce September’s Featured Cam Models, a lineup that celebrates range and originality—from powerhouse performers to rising talents with unmistakable presence. Their stories are a reminder that style, strategy, and heart can—and do—coexist.

As platforms evolve and trends shift, one thing doesn’t: your authenticity. Lean into what makes you different, invest in your setup with intention, and keep nurturing the community that supports you. Small, consistent upgrades—audio, lighting, scene flow—compound into big leaps.

Here’s to a month of clean slates, bold choices, and meaningful connections. Keep creating. Keep learning. Keep shining. With appreciation,

PDF Version

The BCAMS Magazine Team